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Applied Macroeconometr
by Favero, Carlo A. | HC | Good
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“Missing dust jacket; Pages can have notes/highlighting. Spine may show signs of wear. ~ ”... Read moreAbout condition
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Located in: Aurora, Illinois, United States
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eBay item number:196235405116
Item specifics
- Condition
- Good
- Seller notes
- Binding
- Hardcover
- Weight
- 1 lbs
- Product Group
- Book
- IsTextBook
- No
- ISBN
- 9780198775836
- Subject Area
- Business & Economics
- Publication Name
- Applied Macroeconometrics
- Publisher
- Oxford University Press, Incorporated
- Item Length
- 9.2 in
- Subject
- Economics / Macroeconomics, Econometrics
- Publication Year
- 2001
- Type
- Textbook
- Format
- Hardcover
- Language
- English
- Item Height
- 0.8 in
- Item Weight
- 20.4 Oz
- Item Width
- 6.1 in
- Number of Pages
- 294 Pages
About this product
Product Identifiers
Publisher
Oxford University Press, Incorporated
ISBN-10
0198775830
ISBN-13
9780198775836
eBay Product ID (ePID)
1740649
Product Key Features
Number of Pages
294 Pages
Publication Name
Applied Macroeconometrics
Language
English
Publication Year
2001
Subject
Economics / Macroeconomics, Econometrics
Type
Textbook
Subject Area
Business & Economics
Format
Hardcover
Dimensions
Item Height
0.8 in
Item Weight
20.4 Oz
Item Length
9.2 in
Item Width
6.1 in
Additional Product Features
Intended Audience
College Audience
LCCN
2001-267503
Dewey Edition
21
Reviews
'This book provides an extremely useful and accessible description of a wide range of techniques and approaches currently used in applied macroeconometrics'Journal of Applied Econometrics, Vol.16, No.5, 'This book provides an extremely useful and accessible description of awide range of techniques and approaches currently used in appliedmacroeconometrics'Journal of Applied Econometrics, Vol.16, No.5
Illustrated
Yes
Dewey Decimal
339
Synopsis
The objective of this book is the discussion and the practical illustration of techniques used in applied macroeconometrics. There are currently three competing approaches: the LSE (London School of Economics) approach, the VAR approach, and the intertemporal optimization/Real Business Cycle approach. This book discusses and illustrates the empirical research strategy of these three alternative approaches, pairing them with extensive discussions and replications of the relevant empirical work. Common benchmarks are used to evaluate the alternative approaches., This text provides graduate students of macroeconomics, econometrics, and monetary economics with discussion and practical illustrations of the techniques used in applied macroeconometrics. Until the 1970s, there was consensus regarding both the theoretical foundations and the empirical specification of applied macroeconometric modelling, commonly known as the Cowles Commission approach. This is no longer the case: the Cowles Commission approach broke down in the 1970s, to be replaced by a number of prominent competing methods--the LSE (London School of Economics) approach, the VAR approach, and the intertemporal optimization/Real Business Cycle approach. Applied Macroeconometrics examines the empirical research strategy of these alternatives by interpreting them as attempts to solve the problems observed in the Cowles Commission approach. The different research strategies are illustrated with specific reference to real-world examples, particularly with respect to the monetary transmission mechanism. A common US dataset is used in these examples, thus allowing the reader easy comparisons. The presentation is based on the view that identification, a central concept in econometrics, provides a natural framework in which to discuss the alternative strategies currently dominating research. The first part of the book introduces time-series models and details the importance of their identification. The second part illustrates, chapter by chapter, the alternative approaches, providing detailed applications of each methodology. Data used in the applications are available in a variety of formats from the author's web site, and will be supplemented by exercises for the reader to perform., Until the 1970s, there was a consensus in applied macroeconometrics, both regarding the theoretical foundation and the empirical specification of macroeconometric modelling, commonly known as the Cowles Commission approach. This is no longer the case: the Cowles Commission approach broke down in the 1970s, replaced by three prominent competing methods of empirical research: the LSE (London School of Economics) approach, the VAR approach, and the intertemporal optimization/Real Business Cycle approach. This book discusses and illustrates the empirical research strategy of these three alternative approaches by interpreting them as different proposals to solve problems observed in the Cowles Commission approach.
LC Classification Number
HB139.F38 2001
ebay_catalog_id
4
Copyright Date
2001
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